Daily Highlights: 11.10.09

• Asian stocks, currencies climb as reports show demand spurred by stimulus.
• China to overlook calls for stronger yuan as exports fall, researchers say.
• China's house prices rise at fastest pace in 14 months, government says.
• EU objects to Oracle's takeover of Sun.
• Japan's government is set to reach a decision on a rescue package for Japan Airlines.
• OPEC sees signs of oil demand in the U.S.
• Advanta Corp. files for bankruptcy, may turn over its banking unit to regulators.
• Berkshire is liquidating its stakes in Norfolk Southern, Union Pacific Corp.
• China Petroleum & Chemical Corp., and PetroChina rose in HK trading after the
• Government increased gasoline and diesel prices for the first time in 2 mos.
• Dish Network's Q3 net fell 12% to $81M despite posting rise in subscriber growth.
• EchoStar swung to Q3 profit of $293.9M on lack of year-ago impairments. Revs down 22%.
• Electronic Arts to buy Playfish Inc., a maker of games played on Facebook, for $400M.
• Eni will respond Nov. 27 to allegations it restricted European pipeline competition.
• EU issued a statement of objections on Oracle's proposed $7.4B acquisition of Sun Micro.
• Fannie Mae may write down value of tax credits after Treasury vetoes deal.
• Fluor Q3 earnings fall 11% to $162.1M, hurt by oil & gas operations. Revs down 4.5%.
• HSBC's bad debt charges declining in the US.
• Insurers such as WellPoint Inc. and Blue Cross Blue Shield and drugmakers are redoubling their efforts to fight proposals to overhaul the US health-care system.
• Kraft begins hostile Cadbury offer, sticking with original $16B bid.
• Maxis Comm said to sell more than $3B of stock in Malaysia's largest IPO.
• McDonald's global same-store sales rose 3.3% in Oct, falls 0.1% in US.
• MBIA reported a Sept. loss of $725M compared to an $806M loss last year.
• Pfizer to close six of its 20 research sites, in the latest round of cost cutting moves.
• Priceline.com profit quadruples; Q4 EPS view tops estimates.
• Sempra Energy's Q3 net rises 3% to $317M, revs fell to $1.85B from $2.69B.
• Sodexo,full-year profit gained 4.5%.
• Sprint to cut as much as 6% (2,500) of jobs as subscriber rolls shrink.
• Tesoro Corp.'s Q3 earnings drop 87% to $33M on a 45% fall in revs to $4.74B.
• Toys "R" Us' Q3 same-store sales fell 9% on weak videogame sales.

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Comments

[Anonymous]

"China to overlook calls for stronger yuan as exports fall, researchers say."

This is really surprising. I was sure they would change their minds...

[lmyh28]

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